Allianz Tiriac: We are ready to sell pensions

“The private pension branch of Allianz Tiriac has three optional pension funds (the IIIrd pillar) prepared, two of which are in the final stages of authorisation and are almost ready for our clients,” Crinu Andanut, manager of Allianz Tiriac Pensii Private (Allianz Tiriac Private Pensions) stated on Monday. “We will be ready to sell optional pensions through our two funds with a higher risk. Our experience tells us Romanians have a high appetite for risk,” said Andanut. The three pension funds are calibrated in line with the risk profiles of unit linked life insurance policies. The third fund, with the lowest risk, will be launched depending on market demand. Optional private pensions (the IIIrd pillar) will be available for people aged up to 52, on condition that their income is earned in the form of a salary. The monthly contribution is limited to 15% of the individual’s gross income.